MP_CN001                            0
MEMPHIS, TN                 5/24/2013        USDA Cotton and Tobacco Programs, MND

       MARKET        41-4/34 31-3/35  BALES    FUTURES     TODAY
                                                Jul-13     81.49
SOUTHEAST             79.99   83.24     0       Oct-13     83.30
NORTH DELTA           78.99   81.49     0       Dec-13     83.77
SOUTH DELTA           78.99   81.49     0       Mar-14     83.58
EAST TX-OK            76.00   78.75     0       May-14     83.89
WEST TEXAS            76.00   79.00     0       Jul-14     84.18
DESERT SW             73.99   80.49     0       Oct-14     82.58
SJ VALLEY             75.24   85.89     0       Dec-14     81.30
                                                Mar-15     81.51
AVERAGE               77.03   81.48     0       May-15     81.41
COTTON QUOTATIONS FOR SELECTED QUALITIES                   MIKE              STRENGTH
                                                         24 & Belo  -875   19.0 - 19.9    -175
EAST TX-OK            31-3    41-4     32-3      42-4      25-26    -825   20.0 - 20.9    -175
      STAPLE 32       -275    -400     -450      -525      27-29    -575   21.0 - 21.9    -150
      STAPLE 33        -75    -300     -300      -450      30-32    -300   22.0 - 22.9    -125
      STAPLE 34        100      0       0        -100      33-34    -150   23.0 - 23.9    -100
      STAPLE 35        275     50       25       -75     Base 35-3   0     24.0 - 24.9    -100
      STAPLE 36        350     100     150       -25       37-42     15    25.0 - 25.9    -100
      STAPLE 37        350     100     150       -25     Base 43-4   0     26.0 - 26.9    -50
                                                           50-52    -240  Base 27.0 - 28   0
        Prep            1        -200                    53 & Abov  -375   29.0 - 29.9     0
                        2        -400                                      30.0 - 30.9     25
        Bark            1        -325                                      31.0 - 32.9     50
                        2        -525                                      33.0 & above    50
        Other           1        -550
                        2        -600

WEST TEXAS            31-3    41-4     32-3      42-4    24 & Belo  -900   19.0 - 19.9    -175
      STAPLE 32       -200    -375     -325      -475      25-26    -850   20.0 - 20.9    -175
      STAPLE 33        25     -275     -100      -375      27-29    -575   21.0 - 21.9    -150
      STAPLE 34        100      0      -25       -150      30-32    -350   22.0 - 22.9    -125
      STAPLE 35        300     75       0        -50       33-34    -175   23.0 - 23.9    -100
      STAPLE 36        475     175     125        75     Base 35-3   0     24.0 - 24.9    -100
      STAPLE 37        475     175     125        75       37-42     15    25.0 - 25.9    -100
                                                         Base 43-4   0     26.0 - 26.9    -50
        Prep            1        -200                      50-52    -265  Base 27.0 - 28   0
                        2        -400                    53 & Abov  -400   29.0 - 29.9     0
        Bark            1        -275                                      30.0 - 30.9     25
                        2        -500                                      31.0 - 32.9     25
        Other           1        -525                                      33.0 & above    25
                        2        -575
May 24 - May 30
                 AWP   71.64
             CC ADJ.    0.00
       FC ADJ. - 2011   0.26
       FC ADJ. - 2012   0.46
                 LDP    0.00


Cotton and Tobacco Program, Market News Division
3275 Appling Rd
Memphis, TN  38133
(901) 384-3016
www.ams.usda.gov/mnreports/mp_cn001.txt
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